Weekly Market Update

Stock Market Risks
• Moody's Analytics' Mark Zandi warns that stock market gains could quickly reverse and pose a significant threat to the economy.
• High-income households driving consumer spending may pull back if market declines continue.

Earnings Reports
• General Motors (GM) raised its full-year profit outlook, boosting its stock.
• Netflix's earnings missed expectations due to a Brazil tax dispute, affecting its stock.
• Tesla and IBM reported mixed third-quarter results.

Market Movements
• The Dow Jones Industrial Average closed at a fresh record on Tuesday.
• Stocks surged on Friday after the September inflation data came in cooler than expected, cementing expectations for the Federal Reserve's next policy moves.

Tax Loss Harvesting
• Tax loss harvesting may intensify downward pressure on underperforming stocks and their peers due to AI-driven gains.